Quote from: Flexystar on August 23, 2023, 02:49:15 PM

Quote from: Prestongold on August 17, 2023, 09:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

Well it has many case scenarios but one that we should understand is how everything works in this world. First regulations can not be implemented just right away all over the world. There hundreds of countries using Bitcoin and every country has their own set of rules and also they have their own decision making power. For example it may happen that what Germany think might not be right in the perspective of England or US. In similar ways it is highly impossible that every country will apply the same rules. Even with the experience of G20 meeting where India did brought the Bitcoin regulations, it doesn't mean it has been overruled everywhere. In fact there are countries on the other hand like Arab's who are adopting the Bitcoin in whole new perspective, similar goes to the Japan also.

So is it possible bitcoin will get affected? Yes, definitely it will get affected but there will always be one part of the world that will be taking it in positive way so Bitcoin will continue to thrive. It's all about the balancing and due to decentralization it has slippery roads.

There has never been, and never will be, national uniformity in regulations. The various geopolitical entities that make up our world, each with their own egos and self-serving goals, define it.

Every country, including the US, UK, and Germany, sees Bitcoin through a different set of concerns and interests. The G20 summit? Haha! merely an exhibit. What India is doing is a drop in the ocean. While they argue, governments like Saudi Arabia and Japan are ahead of the curve and have recognized the potential of Bitcoin. They have a broader perspective.

It is quite naïve of you to try and talk about the "balancing" of Bitcoin's influence. Both Bitcoin's greatest asset and its worst weakness is its decentralization. But what's the deal? Bitcoin may rise and fall, but it is here to stay, much like the unstoppable tide of history. And to any nation defying? They'll be buried by the advancement's dust.